Publication of a Prospectus

Not for release, publication or distribution, directly or indirectly, in or into the United States.

The following prospectus has been approved by the UK Listing Authority and, along with the documents incorporated by reference therein, is available for viewing:

Notes Base Prospectus dated January 31, 2017 relating to the Programme for the Issuance of Securities of Royal Bank of Canada which was approved by the UK Listing Authority on January 31, 2017.

The Prospectus, together with the documents incorporated by reference therein, have been submitted to the National Storage Mechanism and will shortly be available for inspection at:
http://www.morningstar.co.uk/uk/NSM

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in the Prospectus dated January 31, 2017 (the "
Prospectus
"), may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Prospectus) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the prospectus is not addressed. Prior to relying on the information contained in the Prospectus you must ascertain from the Prospectus whether or not you are part of the intended addressees of the information contained therein.

The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the "
Securities Act
") and are subject to US tax law requirements. Subject to certain exceptions, the Notes may not be offered, sold or delivered in or into the United States or to or for the account or benefit of US persons (as defined in Regulation S under the Securities Act). No public offering of the Notes is being made in the United States.

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